www.upstreamonline.com http://www.upstreamonline.com/ www.upstreamonline.com Net loss for Vantage Drilling in Q3 http://www.upstreamonline.com/live/1382185/Net-loss-for-Vantage-Drilling-in-Q3 Houston’s Vantage Drilling slumped to a $5.6 million loss in the third quarter as early debt repayments of $53 million swallowed up earnings for the deep-water drilling contractor. Bill.Lehane@upstreamonline.com (Bill Lehane) http://www.upstreamonline.com/live/1382185/Net-loss-for-Vantage-Drilling-in-Q3 Fri, 31 Oct 2014 10:26:51 +0000 live Brazil market in focus http://www.upstreamonline.com/live/1382170/Brazil-market-in-focus This week's issue of Upstream contains a whopping 44-page special focus on the key Brazilian oil and gas industry. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1382170/Brazil-market-in-focus Fri, 31 Oct 2014 10:19:20 +0000 live Cat-D cash in pocket of Songa http://www.upstreamonline.com/live/1382180/Cat-D-cash-in-pocket-of-Songa Songa Offshore has sealed key financing deals for the last two of its four-rig Category D newbuilding programme after the quartet were named at a ceremony at South Korean yard Daewoo Shipbuilding & Marine Engineering (DSME). Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1382180/Cat-D-cash-in-pocket-of-Songa Fri, 31 Oct 2014 09:47:46 +0000 live Rolls-Royce turbines for Lake Charles http://www.upstreamonline.com/live/1382174/Rolls-Royce-turbines-for-Lake-Charles Britain’s BG Group has ordered 12 Rolls-Royce gas turbines for its planned three-train liquefied natural gas expansion project in Louisiana, Lake Charles LNG. Bill.Lehane@upstreamonline.com (Bill Lehane) http://www.upstreamonline.com/live/1382174/Rolls-Royce-turbines-for-Lake-Charles Fri, 31 Oct 2014 09:24:45 +0000 live Dong loss widens but output up http://www.upstreamonline.com/live/1382169/Dong-loss-widens-but-output-up Danish state player Dong saw its third-quarter loss swell as revenues dropped, but it remains more optimistic about earnings for the full year. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1382169/Dong-loss-widens-but-output-up Fri, 31 Oct 2014 08:47:52 +0000 live EMGS bags Asia job http://www.upstreamonline.com/live/1382168/EMGS-bags-Asia-job Electromagnetic Geoservices has secured a letter of intent for survey work off Thailand and Myanmar. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1382168/EMGS-bags-Asia-job Fri, 31 Oct 2014 08:40:48 +0000 live Johan Sverdrup bid battle begins http://www.upstreamonline.com/live/1382164/Johan-Sverdrup-bid-battle-begins A bevy of contractors are battling it out to secure a substantial order to build a 15,000-tonne drilling deck, the first of four topsides at the heart of Statoil’s $15 billion to $20 billion Johan Sverdrup phase one project off Norway. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1382164/Johan-Sverdrup-bid-battle-begins Fri, 31 Oct 2014 08:19:19 +0000 live Russia, Ukraine in gas pact http://www.upstreamonline.com/live/1382166/Russia-Ukraine-in-gas-pact Russia and Ukraine have finally signed a deal to secure the resumption of gas deliveries to the former Soviet state, averting the risk of supply disruption to Europe during the critical winter months. Steve.Marshall@upstreamonline.com (Steve Marshall), (News Wires) http://www.upstreamonline.com/live/1382166/Russia-Ukraine-in-gas-pact Fri, 31 Oct 2014 08:18:02 +0000 live Bokhtar partners start seismic campaign http://www.upstreamonline.com/live/1382163/Bokhtar-partners-start-seismic-campaign The partners in the Bokhtar production sharing contract in Tajikistan have kicked off a seismic programme as they look to firm up potential drilling locations. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1382163/Bokhtar-partners-start-seismic-campaign Fri, 31 Oct 2014 07:52:40 +0000 live Triangle farms in to Surat permit http://www.upstreamonline.com/live/1382161/Triangle-farms-in-to-Surat-permit Triangle Energy has entered into an agreement with fellow Australian company Goshawk E&P to farm into a block in Queenland's onshore Surat basin. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1382161/Triangle-farms-in-to-Surat-permit Fri, 31 Oct 2014 05:49:24 +0000 live Brent slips below $86 http://www.upstreamonline.com/live/1382158/Brent-slips-below-86 Brent crude futures fell below $86 a barrel on Friday as a firmer dollar and a well supplied oil market combined to put the benchmark on course to end October with its steepest monthly decline since 2012. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1382158/Brent-slips-below-86 Fri, 31 Oct 2014 04:23:22 +0000 live Origin in search of Vietnam partner http://www.upstreamonline.com/incoming/1382157/Origin-in-search-of-Vietnam-partner The partners in the Origin Energy-operated Block 121, off the coast of Vietnam, are in the hunt for a farm-in partner for the deep-water block. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/incoming/1382157/Origin-in-search-of-Vietnam-partner Fri, 31 Oct 2014 04:02:45 +0000 ece_incoming Trio of players eye Ande Ande Lumut contract http://www.upstreamonline.com/live/1382156/Trio-of-players-eye-Ande-Ande-Lumut-contract Three companies have expressed interest in the contract for the leased floating production, storage and offloading vessel for Santos’ Ande Ande Lumut development off Indonesia. stories@upstreamonline.com (Upstream Staff) http://www.upstreamonline.com/live/1382156/Trio-of-players-eye-Ande-Ande-Lumut-contract Fri, 31 Oct 2014 02:53:48 +0000 live LNG Ltd in Fisherman's Landing supply talks http://www.upstreamonline.com/live/1382154/LNG-Ltd-in-Fishermans-Landing-supply-talks Australia's Liquefied Natural Gas Limited has breathed life into its Fisherman’s Landing LNG project in Queensland by signing a memorandum of intent with Tri-Star Petroleum to negotiate a gas supply deal to feed an initial LNG train. (Russell Searancke) http://www.upstreamonline.com/live/1382154/LNG-Ltd-in-Fishermans-Landing-supply-talks Fri, 31 Oct 2014 02:41:57 +0000 live Synergy in $125m Wattenberg pickup http://www.upstreamonline.com/live/1382136/Synergy-in-125m-Wattenberg-pickup US independent Synergy Resources has struck a $125 million deal with an undisclosed seller for acreage in the Wattenberg area of the Denver-Julesberg basin. Kathrine.Schmidt@upstreamonline.com (Kathrine Schmidt) http://www.upstreamonline.com/live/1382136/Synergy-in-125m-Wattenberg-pickup Thu, 30 Oct 2014 22:45:33 +0000 live ConocoPhillips gives up on Coronado http://www.upstreamonline.com/live/1382137/ConocoPhillips-gives-up-on-Coronado US independent ConocoPhillips said it will not participate in any further exploration of the Coronado prospect in the deep-water US Gulf of Mexico after a disappointing appraisal. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1382137/ConocoPhillips-gives-up-on-Coronado Thu, 30 Oct 2014 22:38:54 +0000 live Sabine Pass construction moving along http://www.upstreamonline.com/live/1382135/Sabine-Pass-construction-moving-along Cheniere Energy said that construction is progressing ahead of schedule at its Sabine Pass facility in Louisiana, keeping the first of its kind liquefaction facility on track for first LNG in late 2015. Kathrine.Schmidt@upstreamonline.com (Kathrine Schmidt) http://www.upstreamonline.com/live/1382135/Sabine-Pass-construction-moving-along Thu, 30 Oct 2014 22:15:25 +0000 live Oil falls on stronger dollar http://www.upstreamonline.com/live/1382134/Oil-falls-on-stronger-dollar Oil prices closed down 1% on Thursday, resuming their downtrend after a two-day climb, as the dollar rallied on bets of a sooner-than-expected US rate hike and traders placed little hope on Opec cutting output at its November meeting. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1382134/Oil-falls-on-stronger-dollar Thu, 30 Oct 2014 21:20:13 +0000 live Pouyanne decries US oil export ban http://www.upstreamonline.com/live/1382133/Pouyanne-decries-US-oil-export-ban The new chief executive of French supermajor Total challenged Europe to fight Washington over the US oil export ban, in his first public appearance since his predecessor Christophe de Margerie was killed in a Moscow plane crash last week. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1382133/Pouyanne-decries-US-oil-export-ban Thu, 30 Oct 2014 20:42:36 +0000 live Seven Generations launches IPO http://www.upstreamonline.com/live/1382131/Seven-Generations-launches-IPO Canadian gas producer Seven Generations Energy is poised to raise C$810 million ($724.31 million) via an initial public offering that priced at the lower end of a previously anticipated range, according to a report. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1382131/Seven-Generations-launches-IPO Thu, 30 Oct 2014 20:06:52 +0000 live Argentina passes new hydrocarbons law http://www.upstreamonline.com/live/1382128/Argentina-passes-new-hydrocarbons-law Argentina's Congress has passed a wide-ranging law aimed at attracting investors to the Vaca Muerta shale as well as other projects such as offshore and mature fields. Kathrine.Schmidt@upstreamonline.com (Kathrine Schmidt) http://www.upstreamonline.com/live/1382128/Argentina-passes-new-hydrocarbons-law Thu, 30 Oct 2014 17:44:55 +0000 live Oryx spuds Demir Dagh appraisal http://www.upstreamonline.com/live/1382127/Oryx-spuds-Demir-Dagh-appraisal Canada’s Oryx Petroleum has spudded the first of two more appraisal wells at its Demir Dagh oilfield in Iraqi Kurdistan after seeing mixed results with flow tests on two appraisal wells at the field. Bill.Lehane@upstreamonline.com (Bill Lehane) http://www.upstreamonline.com/live/1382127/Oryx-spuds-Demir-Dagh-appraisal Thu, 30 Oct 2014 16:51:03 +0000 live Gazprom 'sounding out' Norway http://www.upstreamonline.com/live/1382124/Gazprom-sounding-out-Norway Russian gas giant Gazprom is reported to have made initial inquiries with the Oslo authorities with a view to participating directly in licences off Norway. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1382124/Gazprom-sounding-out-Norway Thu, 30 Oct 2014 15:50:02 +0000 live Duo gives go-ahead to UK's Glenlivet http://www.upstreamonline.com/live/1382111/Duo-gives-go-ahead-to-UKs-Glenlivet France’s Total and Denmark’s Dong Energy have agreed to go ahead with a proposed joint development of the Glenlivet and Edradour gas fields in the UK west of Shetlands region. Bill.Lehane@upstreamonline.com (Bill Lehane) http://www.upstreamonline.com/live/1382111/Duo-gives-go-ahead-to-UKs-Glenlivet Thu, 30 Oct 2014 15:08:58 +0000 live Profit slips at Sinopec http://www.upstreamonline.com/live/1382084/Profit-slips-at-Sinopec Net profit at Chinese refining giant Sinopec slipped in the third quarter in part due to a fall in global crude oil priced, according to a report. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1382084/Profit-slips-at-Sinopec Thu, 30 Oct 2014 13:03:38 +0000 live Sistema 'may appeal' Bashneft stake court ruling http://www.upstreamonline.com/live/1382078/Sistema-may-appeal-Bashneft-stake-court-ruling Shares in Russian oil company Bashneft that are owned by Sistema are to be seized by the state, a Moscow court has ruled. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1382078/Sistema-may-appeal-Bashneft-stake-court-ruling Thu, 30 Oct 2014 12:38:22 +0000 live NOV rises on contract revenue http://www.upstreamonline.com/live/1382072/NOV-rises-on-contract-revenue Oilfield equipment supplier National Oilwell Varco (NOV) notched up a 10% increase in third-quarter net profit as stronger revenue from existing contracts helped it to defy a market slowdown fuelled by falling oil prices. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1382072/NOV-rises-on-contract-revenue Thu, 30 Oct 2014 11:43:51 +0000 live ConocoPhillips raises profits by 8% http://www.upstreamonline.com/live/1382071/ConocoPhillips-raises-profits-by-8 US oil major ConocoPhillips raised third-quarter earnings by about 8% to $2.7 billion compared to the same period last year thanks to netting $1.4 billion from the sale of its Nigerian business. Bill.Lehane@upstreamonline.com (Bill Lehane) http://www.upstreamonline.com/live/1382071/ConocoPhillips-raises-profits-by-8 Thu, 30 Oct 2014 11:31:47 +0000 live Eni, Pemex ink MoU http://www.upstreamonline.com/live/1381919/Eni-Pemex-ink-MoU Italy’s Eni may look to strike a strategic partnership with Mexican state oil giant Pemex to co-operate in the upstream sector. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1381919/Eni-Pemex-ink-MoU Thu, 30 Oct 2014 10:42:29 +0000 live Lundin launch at Lindarormen http://www.upstreamonline.com/live/1381918/Lundin-launch-at-Lindarormen Lundin Petroleum has launched drilling of a wildcat at its Lindarormen prospect in the Norwegian Sea. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1381918/Lundin-launch-at-Lindarormen Thu, 30 Oct 2014 10:34:49 +0000 live Shell names Holliday new chairman http://www.upstreamonline.com/live/1381906/Shell-names-Holliday-new-chairman Shell has named Charles ‘Chad’ Holliday as its new chairman starting next year as current chair Jorma Ollila’s long tenure draws to a close. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1381906/Shell-names-Holliday-new-chairman Thu, 30 Oct 2014 10:24:31 +0000 live Statoil eyes Hansteen probe http://www.upstreamonline.com/live/1381915/Statoil-eyes-Hansteen-probe Statoil has applied to the authorities to drill a wildcat near its under-development Aasta Hansteen gas field in the Norwegian Sea as it pursues more resources to shore up the project’s economics. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1381915/Statoil-eyes-Hansteen-probe Thu, 30 Oct 2014 10:21:41 +0000 live Prices 'will squeeze Shell revenues' http://www.upstreamonline.com/live/1381913/Prices-will-squeeze-Shell-revenues Shell would face an $8 billion impact on its results if the recent $25 drop in Brent oil prices were to be sustained for a full year, chief financial officer Simon Henry has warned. Bill.Lehane@upstreamonline.com (Bill Lehane) http://www.upstreamonline.com/live/1381913/Prices-will-squeeze-Shell-revenues Thu, 30 Oct 2014 10:19:38 +0000 live Egdon hits dust at UK onshore well http://www.upstreamonline.com/live/1381912/Egdon-hits-dust-at-UK-onshore-well Egdon Resources has come up dry at its latest onshore UK conventional wildcat, the Burton on the Wolds-1 probe in Leicestershire. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1381912/Egdon-hits-dust-at-UK-onshore-well Thu, 30 Oct 2014 10:18:58 +0000 live EU 'guarantor' pledge for Ukraine gas http://www.upstreamonline.com/live/1381905/EU-guarantor-pledge-for-Ukraine-gas The European Union’s executive arm reportedly has agreed with Ukraine to act as guarantor for Russian gas supplies after talks to resolve the dispute had stalled on Moscow’s demand that Kiev guarantee payment for deliveries. Steve.Marshall@upstreamonline.com (Steve Marshall), (News Wires) http://www.upstreamonline.com/live/1381905/EU-guarantor-pledge-for-Ukraine-gas Thu, 30 Oct 2014 09:55:46 +0000 live Eurasia revenues down http://www.upstreamonline.com/live/1381901/Eurasia-revenues-down Revenues slipped a tenth at Russia’s Eurasia Drilling Company (EDC) in the first nine months of the year as drilling activity fell back. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1381901/Eurasia-revenues-down Thu, 30 Oct 2014 09:13:29 +0000 live Cairn re-enters deep-water Senegal well http://www.upstreamonline.com/live/1381900/Cairn-re-enters-deep-water-Senegal-well Cairn Energy has re-entered a well off Senegal shortly after another probe off the West African country struck oil. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1381900/Cairn-re-enters-deep-water-Senegal-well Thu, 30 Oct 2014 08:58:42 +0000 live Gulf Marine Services nets Dutch charter http://www.upstreamonline.com/live/1381899/Gulf-Marine-Services-nets-Dutch-charter London-listed Gulf Marine Services has gained a two-year charter with two 12-month options for a self-elevating support vessel in the Dutch sector of the North Sea. Bill.Lehane@upstreamonline.com (Bill Lehane) http://www.upstreamonline.com/live/1381899/Gulf-Marine-Services-nets-Dutch-charter Thu, 30 Oct 2014 08:56:39 +0000 live Akri-Bijeel go-ahead for MOL http://www.upstreamonline.com/live/1381898/Akri-Bijeel-go-ahead-for-MOL Kurdistan’s authorities have formally approved the development plan for the MOL-operated Akri-Bijeel field in the semi-autonomous region of northern Iraq. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1381898/Akri-Bijeel-go-ahead-for-MOL Thu, 30 Oct 2014 08:50:33 +0000 live Eni posts weaker E&P results http://www.upstreamonline.com/live/1381894/Eni-posts-weaker-EP-results Overall adjusted net profit up but lower prices and output drag down exploration and production segment Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1381894/Eni-posts-weaker-EP-results Thu, 30 Oct 2014 08:13:59 +0000 live Afren profit flat on tax break http://www.upstreamonline.com/live/1381895/Afren-profit-flat-on-tax-break A tax exemption at a Nigerian offshore block helped Africa-focused player Afren keep net profit steady in the first nine months of the year. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1381895/Afren-profit-flat-on-tax-break Thu, 30 Oct 2014 08:11:18 +0000 live Shell delivers profits boost http://www.upstreamonline.com/live/1381893/Shell-delivers-profits-boost Shell boosted its earnings in the third quarter, despite lower output volumes and oil prices, as cost-cutting and asset sales benefited the Anglo-Dutch supermajor’s bottom line. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1381893/Shell-delivers-profits-boost Thu, 30 Oct 2014 07:50:24 +0000 live Eni hits more Congo oil http://www.upstreamonline.com/live/1381892/Eni-hits-more-Congo-oil Italian giant Eni has made an oil discovery on the Minsala Marine prospect in the Marine XII Block, offshore Congo. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1381892/Eni-hits-more-Congo-oil Thu, 30 Oct 2014 07:15:52 +0000 live Profits down for Technip http://www.upstreamonline.com/live/1381891/Profits-down-for-Technip French engineering giant Technip posted a fall in profits during the third quarter of the year as impairments and a higher income tax expense offset a rise in revenue. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1381891/Profits-down-for-Technip Thu, 30 Oct 2014 06:53:23 +0000 live Stronger dollar weighs on prices http://www.upstreamonline.com/live/1381888/Stronger-dollar-weighs-on-prices Brent oil futures fell below $87 a barrel on Thursday, pressured by a stronger US dollar after the Federal Reserve painted a brighter outlook for the US economy. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1381888/Stronger-dollar-weighs-on-prices Thu, 30 Oct 2014 05:05:55 +0000 live Mitra to merge with Petra http://www.upstreamonline.com/live/1381887/Mitra-to-merge-with-Petra Privately-owned Malaysian oil and gas independent Mitra Energy has entered into a definitive agreement to effect a reverse takeover of Canada’s Petra Petroleum. (Russell Searancke) http://www.upstreamonline.com/live/1381887/Mitra-to-merge-with-Petra Thu, 30 Oct 2014 04:45:59 +0000 live Suncor profits tumble http://www.upstreamonline.com/live/1381886/Suncor-profits-tumble Canada's Suncor Energy saw profits fall during the third quarter of the year as a drop in output was made worse by falling commodity prices. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1381886/Suncor-profits-tumble Thu, 30 Oct 2014 04:33:03 +0000 live Tender for Ande Ande Lumut FPSO approved http://www.upstreamonline.com/live/1381885/Tender-for-Ande-Ande-Lumut-FPSO-approved Australian duo Santos and AWE have received approval to begin the tender process for the floating production, storage and offloading vessel for the Ande Ande Lumut heavy oil project in Indonesia. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1381885/Tender-for-Ande-Ande-Lumut-FPSO-approved Thu, 30 Oct 2014 03:29:06 +0000 live AWE posts revenue rise http://www.upstreamonline.com/live/1381884/AWE-posts-revenue-rise Australian company AWE saw revenues rise during the third quarter of the year on the back of a 6% output rise. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1381884/AWE-posts-revenue-rise Thu, 30 Oct 2014 02:44:13 +0000 live Octanex teams up with Sabah player http://www.upstreamonline.com/live/1381883/Octanex-teams-up-with-Sabah-player Australia's Octanex has formed a strategic alliance with Malaysia's Sabah International Petroleum (SIP) in a deal that also see it receive funding from the Sabah state-owned company. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1381883/Octanex-teams-up-with-Sabah-player Thu, 30 Oct 2014 01:48:28 +0000 live Origin sees revenues slip http://www.upstreamonline.com/live/1381881/Origin-sees-revenues-slip Australia's Origin Energy posted a fall in revenue from its exploration and production business as output slipped. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1381881/Origin-sees-revenues-slip Thu, 30 Oct 2014 01:02:36 +0000 live Ensco profits swell on dayrates http://www.upstreamonline.com/live/1381880/Ensco-profits-swell-on-dayrates Driller Ensco saw third-quarter profits swell as the company landed new contracts and sold off ageing jack-up units. Kathrine.Schmidt@upstreamonline.com (Kathrine Schmidt) http://www.upstreamonline.com/live/1381880/Ensco-profits-swell-on-dayrates Thu, 30 Oct 2014 00:38:34 +0000 live Freeport LNG lines up $3.85bn http://www.upstreamonline.com/live/1381879/Freeport-LNG-lines-up-3.85bn Freeport LNG has struck a $3.85 billion financing deal with multiple Japanese banks to develop the first train of its proposed liquefation plant at Quintana Island, Texas. Kathrine.Schmidt@upstreamonline.com (Kathrine Schmidt) http://www.upstreamonline.com/live/1381879/Freeport-LNG-lines-up-3.85bn Wed, 29 Oct 2014 23:46:42 +0000 live TransCanada readies Energy East filing http://www.upstreamonline.com/incoming/1381876/TransCanada-readies-Energy-East-filing TransCanada will file for federal regulatory approval of its proposed C$12-billion ($11 billion) Energy East pipeline with the National Energy Board of Canada on Thursday. Kathrine.Schmidt@upstreamonline.com (Kathrine Schmidt) http://www.upstreamonline.com/incoming/1381876/TransCanada-readies-Energy-East-filing Wed, 29 Oct 2014 22:25:35 +0000 ece_incoming Noble sees income slip http://www.upstreamonline.com/live/1381877/Noble-sees-income-slip Contract driller Noble Corporation reported lower third-quarter income but got a boost from a pair of new rigs that commenced operations during the period. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1381877/Noble-sees-income-slip Wed, 29 Oct 2014 22:24:36 +0000 live CGG pre-funded for big US Gulf shoot http://www.upstreamonline.com/live/1381873/CGG-pre-funded-for-big-US-Gulf-shoot Paris-based geophysical player CGG has secured a "major commitment" from an unnamed international oil and gas company to contribute to a large multi-client seismic shoot in the deep-water Gulf of Mexico. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1381873/CGG-pre-funded-for-big-US-Gulf-shoot Wed, 29 Oct 2014 21:00:16 +0000 live Freeport-McMoRan spins bit in deep US Gulf http://www.upstreamonline.com/live/1381865/Freeport-McMoRan-spins-bit-in-deep-US-Gulf Freeport-McMoRan's oil and gas unit has reported hydrocarbon finds at two development prospects eyed as tiebacks for its wholly owned Holstein platform. Kathrine.Schmidt@upstreamonline.com (Kathrine Schmidt) http://www.upstreamonline.com/live/1381865/Freeport-McMoRan-spins-bit-in-deep-US-Gulf Wed, 29 Oct 2014 19:14:36 +0000 live BG may push back BC LNG project http://www.upstreamonline.com/live/1381867/BG-may-push-back-BC-LNG-project UK gas producer BG Group is reportedly pushing back its time line to build a proposed liquefied natural gas export terminal on Canada's Pacific coast into the next decade. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1381867/BG-may-push-back-BC-LNG-project Wed, 29 Oct 2014 18:56:18 +0000 live Yucatan North appraisal success http://www.upstreamonline.com/live/1381866/Yucatan-North-appraisal-success The first appraisal well at the Shell-operated Yucatan North field discovered oil as explorers continue to prove up reserves in the so-called Shenandoah mini-basin of the deep-water US Gulf of Mexico. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1381866/Yucatan-North-appraisal-success Wed, 29 Oct 2014 18:22:29 +0000 live Rosneft lashes ‘counter-sanctions’ report http://www.upstreamonline.com/live/1381862/Rosneft-lashes-‘counter-sanctions’-report Rosneft has threatened to sue a Russian business newspaper that claimed the oil giant had drawn up a list of measures to counter Western sanctions and sent it to the Kremlin. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1381862/Rosneft-lashes-‘counter-sanctions’-report Wed, 29 Oct 2014 17:32:14 +0000 live Freeport-McMoRan picks up Vito http://www.upstreamonline.com/live/1381861/Freeport-McMoRan-picks-up-Vito Mining giant Freeport-McMoRan has revealed itself as the mystery buyer in a $500 million deal for Anadarko's stake in the US Gulf Vito project. Kathrine.Schmidt@upstreamonline.com (Kathrine Schmidt) http://www.upstreamonline.com/live/1381861/Freeport-McMoRan-picks-up-Vito Wed, 29 Oct 2014 16:58:50 +0000 live Pemex, Kuwait company sign MOU http://www.upstreamonline.com/live/1381857/Pemex-Kuwait-company-sign-MOU Pemex has penned a co-operation agreement with Kuwait's oil company, adding to growing list of such deals in the wake of reforms to open Mexico's oil industry to private participation. Kathrine.Schmidt@upstreamonline.com (Kathrine Schmidt) http://www.upstreamonline.com/live/1381857/Pemex-Kuwait-company-sign-MOU Wed, 29 Oct 2014 16:11:56 +0000 live Oil price rebound 'on horizon' http://www.upstreamonline.com/live/1381856/Oil-price-rebound-on-horizon A leading Norwegian analyst has drastically revised downwards his oil price forecast for next year to only $80 per barrel – but believes prices will pick up again towards 2020. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1381856/Oil-price-rebound-on-horizon Wed, 29 Oct 2014 15:50:27 +0000 live Novatek profit dives in Q3 http://www.upstreamonline.com/live/1381854/Novatek-profit-dives-in-Q3 Russian independent Novatek has reported a two-thirds fall in net profit for the third quarter as a steep drop in the value of the rouble swallowed earnings. Bill.Lehane@upstreamonline.com (Bill Lehane) http://www.upstreamonline.com/live/1381854/Novatek-profit-dives-in-Q3 Wed, 29 Oct 2014 15:47:50 +0000 live Naviera Integral orders Damen duo http://www.upstreamonline.com/live/1381838/Naviera-Integral-orders-Damen-duo Mexico’s Naviera Integral has signed orders for the first two Damen FCS 4008 series Sea Axe Fast crew supply vessels to use with its client Mexican state player Pemex. Bill.Lehane@upstreamonline.com (Bill Lehane) http://www.upstreamonline.com/live/1381838/Naviera-Integral-orders-Damen-duo Wed, 29 Oct 2014 14:43:59 +0000 live New Algerian round 'on radar' http://www.upstreamonline.com/live/1381836/New-Algerian-round-on-radar Algeria is preparing to launch a new licensing round “within weeks” after seeing a lacklustre response from foreign bidders to its latest acreage tender, according to a report. (News Wires) http://www.upstreamonline.com/live/1381836/New-Algerian-round-on-radar Wed, 29 Oct 2014 14:41:10 +0000 live Brent rises above $87 http://www.upstreamonline.com/live/1381773/Brent-rises-above-87 Brent crude oil rose above $87 a barrel on Wednesday as traders anticipated that the US Federal Reserve would keep the country’s interest rates low, putting pressure on the dollar. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1381773/Brent-rises-above-87 Wed, 29 Oct 2014 14:15:00 +0000 live Rosneft profit up on output hike http://www.upstreamonline.com/live/1381820/Rosneft-profit-up-on-output-hike Rosneft increased net profit in the first nine months of the year as rising production sent revenues soaring. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1381820/Rosneft-profit-up-on-output-hike Wed, 29 Oct 2014 13:50:00 +0000 live Shell calls time on Brent Alpha and Bravo http://www.upstreamonline.com/live/1381800/Shell-calls-time-on-Brent-Alpha-and-Bravo Shell will formally bring to an end more than 35 years of oil and gas production from the Brent Alpha and Bravo platforms in the UK northern North Sea on Saturday. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1381800/Shell-calls-time-on-Brent-Alpha-and-Bravo Wed, 29 Oct 2014 12:01:34 +0000 live Hess down but output rises http://www.upstreamonline.com/live/1381806/Hess-down-but-output-rises Falling oil prices and a higher depreciation bill sent adjusted net profit down at Hess. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1381806/Hess-down-but-output-rises Wed, 29 Oct 2014 11:47:42 +0000 live Maersk rig has legs for Det Norske http://www.upstreamonline.com/live/1381801/Maersk-rig-has-legs-for-Det-Norske Det Norske Oljeselskap is gearing up to kick off development drilling shortly on its Ivar Aasen field off Norway, with newbuild jack-up rig Maersk Interceptor set to arrive on location ahead of schedule in mid-December. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1381801/Maersk-rig-has-legs-for-Det-Norske Wed, 29 Oct 2014 11:01:00 +0000 live Singapore starts new LNG terminal hunt http://www.upstreamonline.com/live/1381792/Singapore-starts-new-LNG-terminal-hunt Singapore has started processing possible locations in the eastern part of the island for the proposed second liquefied natural gas terminal announced earlier this year. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1381792/Singapore-starts-new-LNG-terminal-hunt Wed, 29 Oct 2014 10:25:03 +0000 live UK startup seeks London shale licences http://www.upstreamonline.com/live/1381784/UK-startup-seeks-London-shale-licences A new UK-based company set up by shale gas commentator Nick Grealy has applied for three exploration licences covering parts of London in the latest onshore licensing round. Bill.Lehane@upstreamonline.com (Bill Lehane) http://www.upstreamonline.com/live/1381784/UK-startup-seeks-London-shale-licences Wed, 29 Oct 2014 09:28:10 +0000 live CNOOC Ltd revenues drop http://www.upstreamonline.com/live/1381783/CNOOC-Ltd-revenues-drop CNOOC Ltd said oil and gas revenues slipped almost 5% in the third quarter as the average realised price of oil dropped and production remained steady. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1381783/CNOOC-Ltd-revenues-drop Wed, 29 Oct 2014 08:59:49 +0000 live Petronas extends with BW floater http://www.upstreamonline.com/live/1381781/Petronas-extends-with-BW-floater Petronas Carigali has firmed up one of its contract extension options for a BW Offshore floating production, storage and offloading unit working at a development off Mauritania. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1381781/Petronas-extends-with-BW-floater Wed, 29 Oct 2014 08:20:07 +0000 live Technip reels in Bangka award http://www.upstreamonline.com/live/1381780/Technip-reels-in-Bangka-award French engineering giant Technip has secured a ”substantial” contract to deliver subsea equipment and facilities for Chevron’s Bangka field development off East Kalimantan, Indonesia. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1381780/Technip-reels-in-Bangka-award Wed, 29 Oct 2014 08:02:22 +0000 live Total sees profits fall http://www.upstreamonline.com/live/1381779/Total-sees-profits-fall French supermajor Total saw profits slip in the third quarter of the year as falling prices and lower production hit the company's upstream segment. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1381779/Total-sees-profits-fall Wed, 29 Oct 2014 07:27:08 +0000 live Statoil slides to loss http://www.upstreamonline.com/live/1381777/Statoil-slides-to-loss Norwegian giant Statoil slid to a loss during the September quarter as lower revenues and impairments hit the company's bottom line. Josh.Lewis@upstreamonline.com (Josh Lewis), Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1381777/Statoil-slides-to-loss Wed, 29 Oct 2014 06:21:28 +0000 live Senex spuds Cooper probe http://www.upstreamonline.com/live/1381775/Senex-spuds-Cooper-probe Brisbane-based Senex Energy has spudded an exploration well on PEL 110 in the South Australian Cooper basin. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1381775/Senex-spuds-Cooper-probe Wed, 29 Oct 2014 06:00:54 +0000 live Court dispute over APLNG tenements http://www.upstreamonline.com/live/1381772/Court-dispute-over-APLNG-tenements Coalbed methane player Tri-Star Australia has launched legal action against the joint venture building the Australia Pacific liquefied natural gas (APLNG) project. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1381772/Court-dispute-over-APLNG-tenements Wed, 29 Oct 2014 04:18:40 +0000 live Lower output hits Drillsearch's revenue http://www.upstreamonline.com/live/1381771/Lower-output-hits-Drillsearchs-revenue Australia's Drillsearch Energy posted a fall in revenue during the September quarter on the back of lower production and oil prices. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1381771/Lower-output-hits-Drillsearchs-revenue Wed, 29 Oct 2014 02:46:56 +0000 live 3D Oil hires Polarcus Asima http://www.upstreamonline.com/live/1381770/3D-Oil-hires-Polarcus-Asima Melbourne-based 3D Oil has contracted the Polarcus Asima multi-streamer vessel to carry out a 3D seismic survey off the south-east coast of Australia. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1381770/3D-Oil-hires-Polarcus-Asima Wed, 29 Oct 2014 01:59:10 +0000 live Eni drops Heron stake http://www.upstreamonline.com/live/1381768/Eni-drops-Heron-stake Italian giant Eni will withdraw from the Heron area of NT/P68, while also electing not to increase its stake in the Blackwood area of the same permit, off the north coast of Australia. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1381768/Eni-drops-Heron-stake Wed, 29 Oct 2014 00:54:54 +0000 live American Energy buys Permian assets http://www.upstreamonline.com/live/1381767/American-Energy-buys-Permian-assets The Permian-focused subsidiary of Aubrey McClendon’s American Energy Partners has bought about 27,000 acres on the Midland side of the Permian basin for $726 million and announced plans for an initial public offering of shares in the next 12 months. Noah.Brenner@nhst.no (Noah Brenner) http://www.upstreamonline.com/live/1381767/American-Energy-buys-Permian-assets Wed, 29 Oct 2014 00:22:51 +0000 live Shell prices midstream IPO http://www.upstreamonline.com/live/1381766/Shell-prices-midstream-IPO Shell has priced shares in Shell Midstream Partners at $23 each, making it the largest offering of its type in years with an expected yield of more than $900 million in gross proceeds. Kathrine.Schmidt@upstreamonline.com (Kathrine Schmidt) http://www.upstreamonline.com/live/1381766/Shell-prices-midstream-IPO Tue, 28 Oct 2014 23:14:04 +0000 live Oil rises after two-day loss http://www.upstreamonline.com/live/1381764/Oil-rises-after-two-day-loss Crude oil prices closed higher on Tuesday, with Brent finishing just above $86 a barrel after two straight days of losses, helped by a weaker dollar and a rally on Wall Street. Kathrine.Schmidt@upstreamonline.com (Kathrine Schmidt) http://www.upstreamonline.com/live/1381764/Oil-rises-after-two-day-loss Tue, 28 Oct 2014 22:59:01 +0000 live Hess greenlights Stampede TLP http://www.upstreamonline.com/live/1381765/Hess-greenlights-Stampede-TLP US operator Hess said it has formally sanctioned the $6 billion Stampede tension-leg platform oil and gas development in the deep-water US Gulf of Mexico. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1381765/Hess-greenlights-Stampede-TLP Tue, 28 Oct 2014 22:58:36 +0000 live KKR buys into Anadarko Eagle Ford http://www.upstreamonline.com/live/1381763/KKR-buys-into-Anadarko-Eagle-Ford Private equity giant KKR has partnered with Anadarko Petroleum in the emerging East Texas Eagle Ford play by buying a non-operated working interest for an undisclosed amount. Kathrine.Schmidt@upstreamonline.com (Kathrine Schmidt) http://www.upstreamonline.com/live/1381763/KKR-buys-into-Anadarko-Eagle-Ford Tue, 28 Oct 2014 22:45:11 +0000 live Anadarko sells Vito in $500m deal http://www.upstreamonline.com/live/1381760/Anadarko-sells-Vito-in-500m-deal Anadarko has struck a $500 million deal with an undisclosed buyer for its stake in the Shell-operated Vito project in the US deep-water Gulf of Mexico. Kathrine.Schmidt@upstreamonline.com (Kathrine Schmidt) http://www.upstreamonline.com/live/1381760/Anadarko-sells-Vito-in-500m-deal Tue, 28 Oct 2014 22:23:46 +0000 live Noble readies Madison drill http://www.upstreamonline.com/live/1381761/Noble-readies-Madison-drill US independent Noble Energy said it has accelerated the time line for drilling its next operated deep-water Gulf of Mexico prospect and expects results early next year. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1381761/Noble-readies-Madison-drill Tue, 28 Oct 2014 22:12:59 +0000 live Texas regulators beef up disposal rules http://www.upstreamonline.com/live/1381757/Texas-regulators-beef-up-disposal-rules Texas oil regulators unanimously approved beefed up regulations governing wastewater disposal wells in a move aimed at preventing human-induced earthquakes. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1381757/Texas-regulators-beef-up-disposal-rules Tue, 28 Oct 2014 21:10:55 +0000 live Anadarko Q3 profits swell http://www.upstreamonline.com/live/1381756/Anadarko-Q3-profits-swell US independent Anadarko posted a steep boost in third-quarter profits after wrapping up asset sales including its China subsidiary valued at a combined $2.2 billion. Kathrine.Schmidt@upstreamonline.com (Kathrine Schmidt) http://www.upstreamonline.com/live/1381756/Anadarko-Q3-profits-swell Tue, 28 Oct 2014 20:57:27 +0000 live Neuquen opens Vaca Muerta bids http://www.upstreamonline.com/live/1381754/Neuquen-opens-Vaca-Muerta-bids Argentina's Neuquen province has received three bids from local players for two blocks prospective for tight gas in the Vaca Muerta formation, an official statement said. Kathrine.Schmidt@upstreamonline.com (Kathrine Schmidt) http://www.upstreamonline.com/live/1381754/Neuquen-opens-Vaca-Muerta-bids Tue, 28 Oct 2014 18:59:25 +0000 live Macondo oil 'settled in seafloor ring' http://www.upstreamonline.com/live/1381752/Macondo-oil-settled-in-seafloor-ring Oil from the 2010 Macondo spill settled in a huge ring on the seafloor covering 3200-square kilometres, the latest study from researchers finds. Kathrine.Schmidt@upstreamonline.com (Kathrine Schmidt) http://www.upstreamonline.com/live/1381752/Macondo-oil-settled-in-seafloor-ring Tue, 28 Oct 2014 17:57:57 +0000 live Brent steadies under $86 http://www.upstreamonline.com/live/1381652/Brent-steadies-under-86 Brent crude oil steadied at just under $86 a barrel on Tuesday, as a rally in European equities and a fall in the dollar offset weak US data. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1381652/Brent-steadies-under-86 Tue, 28 Oct 2014 16:10:00 +0000 live Abu Dhabi scores Real deal http://www.upstreamonline.com/live/1381743/Abu-Dhabi-scores-Real-deal Cristiano Ronaldo and Lionel Messi may both be vying for the accolade of best footballer in the world, but now the Spain-based superstars have something else in common: they each play for clubs receiving significant funds from oil-rich Middle Eastern backers. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1381743/Abu-Dhabi-scores-Real-deal Tue, 28 Oct 2014 16:06:33 +0000 live Saipem profit plunges in Q3 http://www.upstreamonline.com/live/1381723/Saipem-profit-plunges-in-Q3 Italy’s Saipem has reported a 24% drop year-on-year in net profit for the third quarter to €76 million ($96.85 million) on revenues up 1.9% to €3.5 billion. Bill.Lehane@upstreamonline.com (Bill Lehane) http://www.upstreamonline.com/live/1381723/Saipem-profit-plunges-in-Q3 Tue, 28 Oct 2014 15:00:13 +0000 live Statoil advances Gullfaks subsea compression http://www.upstreamonline.com/live/1381716/Statoil-advances-Gullfaks-subsea-compression Statoil is preparing for final testing on its subsea wet gas compression station that the Norwegian player says is the first of its kind in the world. Bill.Lehane@upstreamonline.com (Bill Lehane) http://www.upstreamonline.com/live/1381716/Statoil-advances-Gullfaks-subsea-compression Tue, 28 Oct 2014 14:28:21 +0000 live FOE sinks on rig impairment http://www.upstreamonline.com/live/1381709/FOE-sinks-on-rig-impairment Soaring expenses and a large impairment on an idled unit sent Norwegian rig owner Fred Olsen Energy into the red in the third quarter. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1381709/FOE-sinks-on-rig-impairment Tue, 28 Oct 2014 13:28:05 +0000 live Chevron’s IDD project ‘faces two-year delay’ http://www.upstreamonline.com/live/1381704/Chevron’s-IDD-project-‘faces-two-year-delay’ Chevron’s monster Indonesia Deepwater Development (IDD) gas project looks set to see full operation delayed by up to two years, according to a report. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1381704/Chevron’s-IDD-project-‘faces-two-year-delay’ Tue, 28 Oct 2014 13:12:30 +0000 live